asked:


I am planning to buy a 2nd house, it needs some modernization which I plan to do over about 6 months, then put it back on the market.
I do not plan to live in the house whilst i do it up.
Please could someone tell me what type of mortgage I would need?
Thanks

Custom Home Closet Designs

asked:


I would like to go to the public records office and find specific mortgage information. For example, what type of mortgage someone has.

Wire Closet Organizers

asked:


I am planning to sell my extra house, for which I am paying a mortgage (15 more years to go). The mortgage rate is really low. Can I sell the house without paying off the mortgage (i.e. can I take the mortgage as a low-interest loan), e.g. for a few years (my investment return should be much higher than the mortgage interest rate)? Is this an option that I can negotiate with my lender?

Pellet Stove Comparisons

asked:


We bought a house, signed a mortgage jointly, before we got married. Is this a marital debt, and how would this be likely to be resolved in a divorce (in Ohio)?

PVC Plumbing Fittings

EdC asked:


I am in the process of preparing to take advantage of the $400B home owner rescue package that will be signed by President soon. I need to apply to my mortgage company for restructure of my mortgage to lower my payments. What documents do I need to prepare? I hear of a budget that needs to be prepared. What details must this budget include?

Bamboo Water Fountains

tradejewel asked:


My mortgage will go to adjustable soon and what can you tell your lender so the interest stays the same? I have a 3/1 arm.

Wood Fireplace Inserts

asked:


I have a house I need to get out from under. I may foreclose on it. Or, do a deed in lieu of a foreclosure. I want to file hardship due to the loss of my brother, whose income I depended on to pay for the house. My husband just passed away on the 3rd. I am living in his house. I cannot keep two houses. Can my mortgage company come after me for any money I received as a beneficiary?

Coffee Vending Machines

Mark - asked:


My mortgage broker offered me 45% of gross income.
I calculated that after paying mortgage and all bills I’d be left with 5K spare cash a month to spend.

I have no idea is this is reasonable and am interested to hear how much money folks feel comfortable having after all the bills are paid.

Thanks!

Bifold Closet Doors

analyst asked:


I am about to buy a mortgage for a property. Does anyone have any tips for me about how to structure it correctly from the beginning so I pay it off as quickly as possible. Thanks in advance for your answer.

Scented Floating Candles

Bob S asked:


I’m looking at purchasing an investment home, and it is a short sale which specifies a cash transaction. I plan to pay cash for the property.

I would like to have a mortgage on the property to use the cash for other purchases.

Is it possible to get a conventional mortgage on a property after purchase (I suspect yes), and are the terms generally the same? Is there any major disadvantage to getting a mortgage on a property after purchase?

Shimano Fishing Reels